Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

I want to look at the chart again....

after todays rally, into the next step above the 1.07 resistance....hits the next step at 1.13.....

If you can see the details of these charts, the places where price points show resistance areas, and pullback zones, this 1.13 area is another resistance zone. and the 20 moving average around 90 cents , and other points around 94, are now support targets for a pullback.

This rally could run here, or it could pullback to 1 dollar and pop again, maybe to 97 and pop again....but if it makes a more full pullback move, that 20 moving average is the better target....at 90 cents.

Now it will be even more interesting to see IF the 1 dollar point will become a strong line of support holding...like it Did NOT do the first time it had the chance.

Maybe the new China deal will show us what bullish fundamentals look like now in this crazy market .

Its Showtime at the wall street Casino.



http://stockcharts.com/c-sc/sc?s=PVCT&p=D&yr=0&mn=2&dy=0&i=p27902170121&r=1409006289251


http://stockcharts.com/c-sc/sc?s=PVCT&p=W&yr=1&mn=2&dy=0&i=p06096919719&r=1409006940315

On the weekly chart , just these key moving averages and the RSI and Stoch, show the target points overhead , with the 200 ma as "support" at 1 dollar.
the daily chart shows the lower support points, as described, 89/90/94/97.... Absent an immediate Desperate Bashing by AF now, I would say the odds are in favor of a continued rally to target the 1.35 area, instead of any plunge down to target 82 again.

Lets see what happens this week, around 1 dollar.and maybe around 1.15/1.25/1.35/1.45/

a battlezone between key moving averages. on the daily and the weekly chart.